Annaly Q1 GAAP EPS $0.33 vs $1.40 in Q4; earnings available for distribution $0.76
Annaly Capital Management reported first-quarter 2026 results on April 21, 2026. GAAP net income was $0.33 per average common share, down from $1.40 in the fourth quarter of 2025 but up from $0.15 a year earlier, while earnings available for distribution rose to $0.76 from $0.74 and the $0.70 quarterly dividend was unchanged. Book value per common share fell to $19.82 from $20.21 at December 31, 2025, and GAAP leverage rose to 7.3x.
Key points
- GAAP net income of $0.33 per average common share, versus $1.40 in Q4 2025 and $0.15 in Q1 2025
- Earnings available for distribution of $0.76 per average common share, versus $0.74 in Q4 2025 and $0.72 in Q1 2025
- Book value per common share of $19.82, down from $20.21 at December 31, 2025; cash dividend of $0.70 per share
- Earnings call scheduled for April 22, 2026 at 9:00 a.m. Eastern Time
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.